Pekin Life Insurance Co
Pekin Life Insurance Company operates as a life and accident, and health insurance company in the United States. The company offers auto and home insurance products; pre-need life insurance; life insurance products, annuities, and funeral preplanning products; health insurance products; and business insurance products, including business auto, business property, general liability, and workers com… Read more
Pekin Life Insurance Co (PKIN) - Net Assets
Latest net assets as of December 2024: $128.90 Million USD
Based on the latest financial reports, Pekin Life Insurance Co (PKIN) has net assets worth $128.90 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.69 Billion) and total liabilities ($1.56 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $128.90 Million |
| % of Total Assets | 7.62% |
| Annual Growth Rate | 1.7% |
| 5-Year Change | 5.83% |
| 10-Year Change | 7.27% |
| Growth Volatility | 192.67 |
Pekin Life Insurance Co - Net Assets Trend (2000–2024)
This chart illustrates how Pekin Life Insurance Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pekin Life Insurance Co (2000–2024)
The table below shows the annual net assets of Pekin Life Insurance Co from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $128.90 Million | +11.23% |
| 2023-12-31 | $115.89 Million | +0.60% |
| 2022-12-31 | $115.20 Million | -5.61% |
| 2021-12-31 | $122.04 Million | +0.20% |
| 2020-12-31 | $121.80 Million | -3.22% |
| 2019-12-31 | $125.85 Million | -2.59% |
| 2018-12-31 | $129.20 Million | +1.23% |
| 2017-12-31 | $127.63 Million | +2.46% |
| 2016-12-31 | $124.56 Million | +3.67% |
| 2015-12-31 | $120.16 Million | -90.89% |
| 2014-12-31 | $1.32 Billion | +2.05% |
| 2013-12-31 | $1.29 Billion | +7.64% |
| 2012-12-31 | $1.20 Billion | +917.97% |
| 2011-12-31 | $117.91 Million | +4.40% |
| 2010-12-31 | $112.94 Million | +1.00% |
| 2009-12-31 | $111.82 Million | -6.25% |
| 2006-12-31 | $119.28 Million | +9.51% |
| 2005-12-31 | $108.92 Million | +7.09% |
| 2004-12-31 | $101.71 Million | +7.01% |
| 2003-12-31 | $95.05 Million | +17.35% |
| 2002-12-31 | $80.99 Million | -7.71% |
| 2001-12-31 | $87.76 Million | +2.10% |
| 2000-12-31 | $85.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pekin Life Insurance Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 65.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $110.27 Million | 85.55% |
| Common Stock | $22.00 Million | 17.07% |
| Total Equity | $128.90 Million | 100.00% |
Pekin Life Insurance Co Competitors by Market Cap
The table below lists competitors of Pekin Life Insurance Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JBG SMITH PPTYS DL -01
F:JBG
|
$113.41K |
|
5N PLUS
BE:EMB
|
$113.52K |
|
First American Uranium Inc.
OTCGREY:FAUMF
|
$113.56K |
|
Inhome Prime Properties SOCIMI S.A.
MC:YIPP
|
$113.59K |
|
Nykredit Invest Lange Obl KL A
CO:NYILOKLA
|
$113.33K |
|
AVALA RES
F:CVJ
|
$113.22K |
|
GLOG11
SA:GLOG11
|
$113.11K |
|
PHOENIX BEVERAGES LTD
SEM:PBL
|
$113.07K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pekin Life Insurance Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 115,887,517 to 128,897,658, a change of 13,010,141 (11.2%).
- Net income of 6,492,674 contributed positively to equity growth.
- Other factors increased equity by 6,517,467.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.49 Million | +5.04% |
| Other Changes | $6.52 Million | +5.06% |
| Total Change | $- | 11.23% |
Book Value vs Market Value Analysis
This analysis compares Pekin Life Insurance Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.56x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.48x to 1.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $4.75 | $11.75 | x |
| 2003-12-31 | $5.57 | $11.75 | x |
| 2004-12-31 | $5.96 | $11.75 | x |
| 2005-12-31 | $6.38 | $11.75 | x |
| 2006-12-31 | $6.99 | $11.75 | x |
| 2012-12-31 | $6.98 | $11.75 | x |
| 2013-12-31 | $7.19 | $11.75 | x |
| 2014-12-31 | $7.05 | $11.75 | x |
| 2015-12-31 | $7.04 | $11.75 | x |
| 2016-12-31 | $7.30 | $11.75 | x |
| 2017-12-31 | $7.48 | $11.75 | x |
| 2018-12-31 | $7.57 | $11.75 | x |
| 2019-12-31 | $7.37 | $11.75 | x |
| 2020-12-31 | $7.14 | $11.75 | x |
| 2021-12-31 | $7.15 | $11.75 | x |
| 2022-12-31 | $6.75 | $11.75 | x |
| 2023-12-31 | $6.79 | $11.75 | x |
| 2024-12-31 | $7.55 | $11.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pekin Life Insurance Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.52%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 13.13x
- Recent ROE (5.04%) is above the historical average (3.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.23% | 1.71% | 0.41x | 6.06x | $-4.96 Million |
| 2001 | 13.65% | 5.68% | 0.38x | 6.27x | $3.21 Million |
| 2002 | -12.14% | -4.87% | 0.34x | 7.35x | $-17.93 Million |
| 2003 | 14.34% | 5.37% | 0.37x | 7.15x | $4.12 Million |
| 2004 | 10.82% | 4.75% | 0.32x | 7.12x | $830.89K |
| 2005 | 10.33% | 4.84% | 0.30x | 6.99x | $354.12K |
| 2006 | 11.76% | 5.75% | 0.31x | 6.66x | $2.10 Million |
| 2010 | 3.70% | 1.40% | 0.27x | 9.70x | $-7.12 Million |
| 2011 | 2.62% | 1.11% | 0.25x | 9.53x | $-8.70 Million |
| 2012 | 6.37% | 2.76% | 0.23x | 10.14x | $-4.32 Million |
| 2013 | 1.97% | 0.86% | 0.22x | 10.61x | $-9.85 Million |
| 2014 | 4.89% | 2.26% | 0.20x | 11.00x | $-6.14 Million |
| 2015 | -1.46% | -0.65% | 0.19x | 11.61x | $-13.77 Million |
| 2016 | 1.20% | 0.54% | 0.19x | 11.73x | $-10.96 Million |
| 2017 | 4.84% | 2.39% | 0.17x | 11.57x | $-6.59 Million |
| 2018 | 1.24% | 0.66% | 0.16x | 11.67x | $-11.31 Million |
| 2019 | 1.11% | 0.56% | 0.16x | 12.34x | $-11.19 Million |
| 2020 | 1.45% | 0.71% | 0.16x | 12.98x | $-10.41 Million |
| 2021 | -4.34% | -2.05% | 0.16x | 13.38x | $-17.50 Million |
| 2022 | -4.87% | -2.13% | 0.16x | 14.16x | $-17.14 Million |
| 2023 | 1.66% | 0.75% | 0.16x | 14.38x | $-9.66 Million |
| 2024 | 5.04% | 2.52% | 0.15x | 13.13x | $-6.40 Million |
Industry Comparison
This section compares Pekin Life Insurance Co's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $52,810,304,913
- Average return on equity (ROE) among peers: 25.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pekin Life Insurance Co (PKIN) | $128.90 Million | 4.23% | 12.13x | $113.40K |
| AIA Group Ltd (AAIGF) | $181.58 Billion | 2.29% | 0.02x | $75.83 Billion |
| Atlantic American Corporation (AAME) | $31.80 Million | 29.56% | 5.46x | $10.89 Million |
| Abacus Life Inc. (ABL) | $766.89K | 130.06% | 1.40x | $276.35 Million |
| Abacus Global Management, Inc. (ABX) | $1.30 Million | 50.90% | 0.12x | $92.43K |
| Aflac Incorporated (AFL) | $1.75 Billion | 16.71% | 10.58x | $56.35 Billion |
| Anadolu Hayat Emeklilik Anonim Sirketi (AUHYF) | $1.88 Billion | 37.14% | 26.33x | $90.55 Million |
| Brighthouse Financial Inc (BHF) | $14.86 Billion | -19.78% | 13.93x | $3.36 Billion |
| Challenger Limited (CFIGF) | $3.25 Billion | -12.80% | 7.79x | $1.66 Billion |
| Citizens Inc (CIA) | $28.30 Million | 19.53% | 3.74x | $217.00 Million |
| China Life Insurance Co Ltd (CILJF) | $324.71 Billion | 0.30% | 0.01x | $16.34 Billion |